FGV Audited Financial Statements 2020

26 INTERESTS IN JOINT VENTURES (CONTINUED) Summarised financial information for joint ventures (continued) Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interest in joint ventures. FISB FPG Insignificant in aggregate Total 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Opening net assets 145,595 128,910 624,087 626,464 193,284 359,400 962,966 1,114,774 Profit/(loss) for the financial year 15,569 32,726 21,116 67,623 20,441 (90,493) 57,126 9,856 Dividend - (10,000) (30,000) (70,000) (4,668) (7,610) (34,668) (87,610) Other comprehensive loss (8,837) (6,041) - - (1,486) (89,961) (10,323) (96,002) Additional of investment - - - - 4,246 21,948 4,246 21,948 Closing net assets 152,327 145,595 615,203 624,087 211,817 193,284 979,347 962,966 Interest in joint ventures 50% 50% 50% 50% 23%-50% 23%-50% - - Carrying value 76,164 72,798 307,601 312,043 57,781 52,223 441,546 437,064 Unrecognised share of loss - - - - (57,299) (24,167) (57,299) (24,167) 139 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020